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A monopolist's profit when price discriminating will be A. at least as high as when the firm charges a single uniform price following the 4-step
A monopolist's profit when price discriminating will be
A. | at least as high as when the firm charges a single uniform price following the 4-step process because the costs of selling the product will be lower. | |
B. | at least as high as when the firm charges a single uniform price following the 4-step process because the firm will capture more consumer surplus. | |
C. | the same as if the firm charged a single uniform price following the 4-step process. | |
D. | lower than if the firm charged a single uniform price following the 4-step process. |
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